Melbourne Area Blog

The opposition to Amendment 1 on the ballot claims that it does nothing about the inequality of "Save Our Homes". These are the people who would do away with "Save Our Homes'.... including the 3% cap for homesteaded property.

Yes, it will still favor homesteaded property, however for the first time there will be a cap for second home owners and investment property - 10%. The original plan was for a 5% cap, but that was voted down in conference. The 10% cap is a start, and hopefully in the future will be reduced to 5%.

The nay sayers say it will cut down on revenue, but just like any other tax cut it will boost sales and generate more revenue. The trickle down effect will help not only home sales, but employment in several industries and sales tax revenue for home improvement among other things.

Do not respond to the political email titled " Don't Get Burned On Amendment 1"